40902 Riverock Lane
About This Property
Welcome to 40902 Riverock Ln, Palmdale, CA 93551, a spacious two-story home situated on a desirable corner lot within the gated Stonegate Series community. Offering 4 bedrooms and 3 bathrooms, this home features a functional floor plan, generous living spaces, and numerous recent improvements throughout.
The inviting double-door entry opens to a spacious living room with a fireplace, followed by a dining area with a convenient wet bar. The family room features a second fireplace and flows seamlessly into the kitchen, which offers tile flooring, newer-style cabinetry, a center island, breakfast area, and appliances.
Recent improvements include landscaping and sprinkler repairs, window repairs, drywall and baseboard repairs, fresh interior paint, refinished kitchen cabinets, updated fireplaces and shower enclosures, new carpeting, smoke alarms, refrigerator and plumbing repairs, outlet covers, and professional cleaning.
The first floor also includes a versatile office/bonus room, laundry room, and ¾ bathroom. Upstairs, you'll find all four bedrooms, including a spacious primary suite with a walk-in closet and private bathroom featuring dual sinks, a soaking tub, and separate shower enclosure.
Step outside to the large rear yard, complete with a covered patio and ample space for entertaining, relaxing, or outdoor activities. An attached three-car garage and driveway provide plenty of parking and storage.
With its gated-community setting, corner-lot location, spacious floor plan, and extensive recent improvements, this home is ready for its next owner to make it their own.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | Price Decreased |
$695,000
↓ $35K
(4.8%) | |
| Price Decreased | |||
| Oct 8, 2026 | Listed by Coldwell Banker Icon | $729,950 | |
| Listed by Coldwell Banker Icon | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017